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20130419
20130419
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with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to do with their cost of production and some of the acquisitions they've made and some of the operating cost or lack of management of such. so it's a little different. it is not really a pure gold play, it was a real equ
, and it became the psychology of it all. you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that, and i think they're still confidence-rich -- confidence-poor -- confidence-rich and cash-poor. >> i love that phrase, and i have gave you credit of late. initially, no. military, you've had two relationships with military. one, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because of sequester. >> sure, sure. one of the things about snap-on, for years we focused on auto repair. but what we've been doing lately is rolling the snap-on brand out of the garage to critical industries where the penalty for failure is high. >> aerospace. >> aerospace, military. one of the first places we went to is military. and we built a big business there. it's been down, but aerospace is coming up. aerospace and natural resources is what double digits in the quarter for us. i was just at
, tax day. >> no. >> it would have brought the militia idea, tax day, something people were hoping for. >> it gives rise to patriots day. they move it around to have it on a monday. this is america's fight for freedom. this is not just a regular marathon somewhere in the u.s. >>> ambassador woolsy, we want to thank you for your time this morning. certainly shed light and made us think of things we hadn't thought of before. >> thank you. good to be with you. >> r. james woolsy, former cia director. a lot of this information is still very new, fresh. nbc news through pete williams has been reporting that the two terrorists are brothers. one of them was born in 1993, july of 1993. he is the suspect still on the loose that police have still been trying to capture today. he is the gentlemen -- or the terrorist wearing the white hat that you're looking at right now. his brother was killed earlier this morning. he became a legal permanent resident in 2007. we have been told the brothers came with their families from russia and kerzic stan. he pointed out, again, this is just early thoughts at
Search Results 0 to 2 of about 3